It's Taboo To Fire People In Japan — So They're Sent To Boredom Rooms Insteadhttp://www.businessinsider.com/firing-taboo-in-japan-2013-9/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Sun, 18 Feb 2018 00:25:55 -0500Steven Perlberghttp://www.businessinsider.com/c/522a23c76bb3f7f11bb36aa5John CarderFri, 06 Sep 2013 14:49:43 -0400http://www.businessinsider.com/c/522a23c76bb3f7f11bb36aa5
New York City had the same system for their teachers. They called them "rubber rooms". Last year, they paid out $22 million to idle teachers. Because of the public uproar, they shut down the rubber rooms, but they're STILL PAYING THE IDLE TEACHERS, they just do not have to come into the "rubber room" anymore.http://www.businessinsider.com/c/5229f8ba69bedd49077c37caTerra FirmaFri, 06 Sep 2013 11:46:02 -0400http://www.businessinsider.com/c/5229f8ba69bedd49077c37ca
Japan has a lot of problems, but debt isn't one of them. Why?
95% of their debt is held by Japan and the Japanese citizens themselves at an average rate of 1.1%. They will never be called on it...
<a href="http://www.nytimes.com/2011/09/02/business/global/japan-seeks-answers-to-debt-load-without-angering-voters.html?pagewanted=all&_r=0" target="_blank" rel="nofollow" >http://www.nytimes.com/2011/09/02/business/global/japan-seeks-answers-to-debt-load-without-angering-voters.html?pagewanted=all&_r=0</a>http://www.businessinsider.com/c/5228d2b66bb3f7e0178b456abittergreenThu, 05 Sep 2013 14:51:34 -0400http://www.businessinsider.com/c/5228d2b66bb3f7e0178b456a
"It’s inhumane."
Classic.http://www.businessinsider.com/c/5228c8fceab8eaaf5d8b456cKaisha InsiderThu, 05 Sep 2013 14:10:04 -0400http://www.businessinsider.com/c/5228c8fceab8eaaf5d8b456c
Interesting that this practice is still going on in Japan. Used to be called the "mado seki" (window seat). They would give the old guys a seat facing out the window so they could contemplate their life outside the company. It served to embarrass them into retirement. I used to work for a large Japanese company in Tokyo. Never saw such a blatant display of this practice but it was common knowledge who these fellows were. They were the 50+ crowd that never made it to even assistant department supervisor. They were given mostly tedious paperwork and did not have much real input. Oddly they were some of the most friendly and relaxed guys since as they essentially knew their fate they just learned to enjoy the ride a collect the check. I'm sure some were powder-kegs on the inside though.http://www.businessinsider.com/c/5228c8a169bedded668b456apongidae rexThu, 05 Sep 2013 14:08:33 -0400http://www.businessinsider.com/c/5228c8a169bedded668b456a
The Japanese people buy their own government's debt. They do not need to sell it to foreigners. When the rest of the world is a bunch of polyglot 'multicultural' wastelands of warring ethnic factions, Japan will still be Japan and the land of the Japanese people. People who think committing demographic suicide via massive immigration is mandatory and that the Japanese are clueless are without a clue. Japan is inventing a new economic model of national survival right before your eyes.http://www.businessinsider.com/c/5228bcf369beddbf4a8b4572depressionThu, 05 Sep 2013 13:18:43 -0400http://www.businessinsider.com/c/5228bcf369beddbf4a8b4572
i view default and money printing as the same thing ...
why anyone would buy their debt is insane .http://www.businessinsider.com/c/5228b9b1eab8ea323f8b4568Tragic FigureThu, 05 Sep 2013 13:04:49 -0400http://www.businessinsider.com/c/5228b9b1eab8ea323f8b4568
It's tough to default when they have their own printing press. The market knows this, which is why the market keeps buying Japanese debt at ridiculously low yields.http://www.businessinsider.com/c/5228ae4d6bb3f783518b4568depressionThu, 05 Sep 2013 12:16:13 -0400http://www.businessinsider.com/c/5228ae4d6bb3f783518b4568
It's too late for Japan to change ... that abe is even TRYING to change the life time employment towards something like the mass firings we have here in the US just seems like he is ASKING for everything to unwind ..
I don't know how their economy doesn't crumble under the weight of their debt that they will NEVER be able to repay , they are guaranteed to default 100% ...